CTP central petroleum limited

1.85%

5.5¢

The sp has nothing to do with company performance, which has...

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justinmetals

8,402 Posts.

1707

30/04/18

20:41

Post #: 32781820
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Originally posted by O&GInvestor ↑

Actually I would love to be proven incorrect with any of my previous comments, or any of the following;

Robert Hubbard joined the CTP board on 06 Dec 2013, per Page 73 of the 2014 Annual Report.
At this time the CTP share price was 39.5 cents and there were 309.2m shares issued, giving a market cap of $122m.

Hubbard signed the Scheme Deed on 10 March 2017.
The offer was valued at 21.5 cents, providing a takeover value of $91.6m based on 433.2m shares issued.
Brent oil at the time was US$51.37, and based on a USD/AUD FX of 0.77 the price was A$67/barrel.

Hubbard’s departure was announced today, 30 April 2018.
Share price closed today at 14.5 cents, and a market cap of $102.5m.
Brent Oil is US$74, and the USD/AUD FX is 0.755, giving a price of A$98/barrel.

Are the facts above too harsh? Here is also what Shareholders have paid for these services:

2014: $43,989 (pp. 24 of 2014 Annual Report)
2015: $78,840 (pp. 27 of 2015 Annual Report)
2016: $126,472 (pp.25 of 2016 Annual Report)
2017: $120,450 (pp. 24 of 2017 Annual Report)
2018F: $104,610 (forecast based on prorating 317 days of FY18 from 2017 income)
Total: $474,361

According to the 2017 Annual Report Mr Hubbard has 298,947 shares, and confirmed in the (already outdated) Corporate Government Statement released today, which are currently valued at $43,347. Quite a decent sized stake in the company…

I don’t need to be harsh. The facts & figures themselves adequately explain the situation. Mr Hubbard is the Chairman of a publically listed company, so a reasonable level of scrutiny of performance is to be expected from shareholders.

Expand

The sp has nothing to do with company performance, which has been nothing but exceptional. Oil is dead and gas is alive- fact. The sp is pegged to nothing but the uncertainty and not having a market that this board has has its hand in ironing out from JVs, ACCC, COAG, NGP, GMRG, fracking inquiry. Things have been further ironed out since SOA. Your Mcap comparisons are irrelevant given the dilution too. 20c vs 14.5c. I know what I’d take.

And still - if the GMRG don’t knock off at lease a couple bucks pipe costs then again CTP could be Worth zip! Hubbard’s was worried about this at the time of the SOA

CTP Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.001(1.85%)		Mkt cap ! $40.98M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.4¢	$91.62K	1.696M

Buyers (Bids)

No.	Vol.	Price($)
1	449381	5.4¢

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Price($)	Vol.	No.
5.8¢	6030	1

View Market Depth

No.	Vol.	Price($)
1	449381	0.054
1	100000	0.053
3	719000	0.052
1	800000	0.051
2	39000	0.050

Price($)	Vol.	No.
0.058	6030	1
0.059	379120	4
0.060	160000	3
0.061	100000	1
0.067	149268	1

Last trade - 15.59pm 27/06/2025 (20 minute delay)

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